Equity Capital Markets
Asia ex-Japan ECM volume stands at $6.1bn via 18 deals this week two IPOs, 13 follow-ons, and three convertibles, compared to the $2.0bn via 25 deals completed in the previous week.
On March 6, Chinese issuer Blackcow Food completed a $2.4bn follow-on via sole bookrunner China Securities at Shenzhen Stock Exchange, this is the largest Asia ex-Japan ECM transaction for the week.
Food Beverage ECM volume has reached $3.5bn via 12 deals this YTD, compared to $686m raised via eight deals in 2017 YTD. Follow-on accounts for 77% of the total issuance with $2.7bn via six deals...